Financials Tokyo Electron Limited

Equities

8035

JP3571400005

Semiconductor Equipment & Testing

Market Closed - Japan Exchange Other stock markets 12:00:00 10/04/2026 pm IST			5-day change	1st Jan Change
44,040.00 ^JPY	+4.38%		+14.63%	+28.32%

06/04	Japan's Nikkei rises as traders brush off Trump's Iran threat, focus on potential deal	RE
03/04	Japan's Nikkei rallies on efforts to reopen critical oil shipping lane	RE

Projected Income Statement: Tokyo Electron Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	13,99,102	20,03,805	22,09,025	18,30,527	24,31,568	24,21,760	28,90,384	33,20,242
Change	-	43.22%	10.24%	-17.13%	32.83%	-0.4%	19.35%	14.87%
EBITDA ¹	3,54,727	6,35,998	6,60,650	5,08,602	7,59,467	6,79,475	9,28,952	11,34,398
Change	-	79.29%	3.88%	-23.01%	49.32%	-10.53%	36.72%	22.12%
EBIT ¹	3,20,685	5,99,271	6,17,723	4,56,263	6,97,319	6,01,008	8,26,405	10,14,559
Change	-	86.87%	3.08%	-26.14%	52.83%	-13.81%	37.5%	22.77%
Interest Paid	-	-	-	-	2,193	-	-	-
Earnings before Tax (EBT) ¹	3,17,038	5,96,698	6,24,856	4,73,439	7,06,114	7,24,772	8,35,674	10,00,613
Change	-	88.21%	4.72%	-24.23%	49.15%	2.64%	15.3%	19.74%
Net income ¹	2,42,941	4,37,076	4,71,584	3,63,963	5,44,133	5,47,625	6,46,477	7,92,207
Change	-	79.91%	7.9%	-22.82%	49.5%	0.64%	18.05%	22.54%
Announcement Date	30/04/21	12/05/22	11/05/23	10/05/24	30/04/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	2,91,725	4,39,217	4,52,049	4,80,465	5,06,474	5,64,817	4,73,654	7,09,243	4,67,831	5,58,297	3,91,746	4,27,826	4,63,662	5,47,293	5,55,071	5,66,555	6,54,540	6,55,402	5,49,586	6,30,082	5,52,047	6,85,903	6,72,745	7,12,692	6,97,763	7,85,700	6,80,000	7,90,000
Change	-	50.56%	2.92%	6.29%	5.41%	11.52%	-16.14%	49.74%	-34.04%	19.34%	-29.83%	9.21%	8.38%	18.04%	1.42%	2.07%	15.53%	0.13%	-16.15%	14.65%	-12.38%	24.25%	-1.92%	5.94%	-2.09%	12.6%	-13.45%	16.18%
EBITDA ¹	71,729	1,20,314	1,49,725	1,41,817	1,65,602	1,78,854	1,27,243	2,42,598	1,25,976	1,64,833	93,037	1,08,762	1,46,265	1,60,574	1,78,936	1,62,731	2,15,715	2,02,170	1,61,853	1,77,579	1,37,292	2,03,046	1,93,844	2,27,971	2,22,885	-	-	-
Change	-	67.73%	24.45%	-5.28%	16.77%	8%	-28.86%	90.66%	-48.07%	30.84%	-43.56%	16.9%	34.48%	9.78%	11.44%	-9.06%	32.56%	-6.28%	-19.94%	9.72%	-22.69%	47.89%	-4.53%	17.61%	-2.23%	-	-	-
EBIT ¹	62,868	1,10,388	1,41,791	1,32,855	1,56,044	1,68,580	1,17,519	2,32,646	1,14,771	1,52,787	82,433	96,145	1,32,460	1,45,225	1,65,733	1,48,171	1,99,617	1,83,798	1,44,694	1,58,459	1,16,140	1,81,026	1,83,186	2,01,943	2,02,879	2,37,625	1,80,000	2,20,000
Change	-	75.59%	28.45%	-6.3%	17.45%	8.03%	-30.29%	97.96%	-50.67%	33.12%	-46.05%	16.63%	37.77%	9.64%	14.12%	-10.6%	34.72%	-7.92%	-21.28%	9.51%	-26.71%	55.87%	1.19%	10.24%	0.46%	17.13%	-24.25%	22.22%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	62,335	1,06,994	1,38,033	1,35,017	1,55,518	1,68,130	1,17,642	2,35,274	1,16,302	1,55,638	83,014	98,122	1,34,443	1,57,860	1,67,248	1,53,607	2,00,106	1,85,153	1,51,966	1,61,020	1,53,322	1,73,000	2,01,133	2,10,533	2,10,733	2,40,167	-	-
Change	-	71.64%	29.01%	-2.18%	15.18%	8.11%	-30.03%	99.99%	-50.57%	33.82%	-46.66%	18.2%	37.02%	17.42%	5.95%	-8.16%	30.27%	-7.47%	-17.92%	5.96%	-4.78%	12.83%	16.26%	4.67%	0.09%	13.97%	-	-
Net income ¹	46,167	84,762	1,00,363	99,856	1,10,026	1,26,831	88,095	1,79,251	85,574	1,18,664	64,312	73,179	1,01,533	1,24,939	1,26,189	1,17,714	1,57,264	1,42,966	1,17,801	1,23,825	1,18,538	1,66,028	1,35,823	1,55,933	1,59,324	1,81,033	1,35,700	1,67,800
Change	-	83.6%	18.41%	-0.51%	10.18%	15.27%	-30.54%	103.47%	-52.26%	38.67%	-45.8%	13.79%	38.75%	23.05%	1%	-6.72%	33.6%	-9.09%	-17.6%	5.11%	-4.27%	40.06%	-18.19%	14.81%	2.17%	13.63%	-25.04%	23.66%
Announcement Date	28/01/21	30/04/21	16/08/21	12/11/21	10/02/22	12/05/22	08/08/22	10/11/22	09/02/23	11/05/23	10/08/23	10/11/23	09/02/24	10/05/24	08/08/24	12/11/24	06/02/25	30/04/25	31/07/25	31/10/25	06/02/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	9,32,514	10,71,291	11,82,897	10,26,128	8,19,572	10,10,955	11,21,626	13,09,942	11,79,668	12,35,166
Change	-	14.88%	10.42%	-13.25%	-20.13%	23.35%	10.95%	16.79%	-9.95%	4.7%
EBITDA	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
EBIT ¹	2,74,647	3,24,624	3,50,165	2,67,558	1,78,578	2,77,685	3,13,904	3,83,415	3,03,153	2,96,924
Change	-	18.2%	7.87%	-23.59%	-33.26%	55.5%	13.04%	22.14%	-20.93%	-2.05%
Charge d'intérêts	-	-	-	-	-	-	-156	-	-	-
Earnings before Tax (EBT) ¹	2,73,050	3,23,648	3,52,916	2,71,940	1,81,136	2,92,303	3,20,855	-	3,12,986	3,48,000
Change	-	18.53%	9.04%	-22.94%	-33.39%	61.37%	9.77%	-	-	11.19%
Net income ¹	2,00,219	2,36,857	2,67,346	2,04,238	1,37,491	2,26,472	2,43,903	3,00,230	2,41,626	2,85,787
Change	-	18.3%	12.87%	-23.61%	-32.68%	64.72%	7.7%	23.09%	-19.52%	18.28%
Announcement Date	12/11/21	12/05/22	10/11/22	11/05/23	10/11/23	10/05/24	12/11/24	30/04/25	31/10/25	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Tokyo Electron Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-3,11,552	-3,71,274	-4,73,100	-4,72,548	-4,96,238	-5,16,621	-4,65,294	-5,78,794
Change	-	-19.17%	-27.43%	0.12%	-5.01%	-4.11%	9.94%	-24.39%
Announcement Date	30/04/21	12/05/22	11/05/23	10/05/24	30/04/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Tokyo Electron Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	53,806	56,153	66,897	1,24,980	1,69,609	2,40,333	1,66,539	1,64,782
Change	-	4.36%	19.13%	86.82%	35.71%	41.7%	-30.7%	-1.06%
Free Cash Flow (FCF) ¹	1,27,614	2,27,755	3,59,373	3,09,572	4,12,565	3,83,593	4,83,838	6,20,638
Change	-	78.47%	57.79%	-13.86%	33.27%	-7.02%	26.13%	28.27%
Announcement Date	30/04/21	12/05/22	11/05/23	10/05/24	30/04/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Tokyo Electron Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	25.35%	31.74%	29.91%	27.78%	31.23%	28.06%	32.14%	34.17%
EBIT Margin (%)	22.92%	29.91%	27.96%	24.93%	28.68%	24.82%	28.59%	30.56%
EBT Margin (%)	22.66%	29.78%	28.29%	25.86%	29.04%	29.93%	28.91%	30.14%
Net margin (%)	17.36%	21.81%	21.35%	19.88%	22.38%	22.61%	22.37%	23.86%
FCF margin (%)	9.12%	11.37%	16.27%	16.91%	16.97%	15.84%	16.74%	18.69%
FCF / Net Income (%)	52.53%	52.11%	76.21%	85.06%	75.82%	70.05%	74.84%	78.34%
Profitability
ROA	23.83%	36.25%	29.73%	19.43%	27.85%	20.64%	23.34%	25.23%
ROE	26.5%	37.2%	32.3%	21.8%	30.3%	27.88%	29.83%	31.67%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.85%	2.8%	3.03%	6.83%	6.98%	9.92%	5.76%	4.96%
CAPEX / EBITDA (%)	15.17%	8.83%	10.13%	24.57%	22.33%	35.37%	17.93%	14.53%
CAPEX / FCF (%)	42.16%	24.66%	18.61%	40.37%	41.11%	62.65%	34.42%	26.55%
Items per share
Cash flow per share ¹	593.3	1,015	1,100	896.4	1,317	1,367	1,399	1,702
Change	-	71.02%	8.37%	-18.47%	46.96%	3.75%	2.37%	21.65%
Dividend per Share ¹	260.3	467.7	570.3	393	592	601.1	713.1	893.1
Change	-	79.64%	21.95%	-31.09%	50.64%	1.53%	18.65%	25.23%
Book Value Per Share ¹	2,171	2,857	3,390	3,773	4,016	4,492	5,130	5,944
Change	-	31.64%	18.62%	11.31%	6.45%	11.86%	14.19%	15.87%
EPS ¹	520.7	935.9	1,008	783.8	1,182	1,208	1,422	1,757
Change	-	79.74%	7.68%	-22.23%	50.86%	2.19%	17.71%	23.51%
Nbr of stocks (in thousands)	4,66,515	4,67,164	4,68,271	4,62,905	4,58,065	4,54,784	4,54,784	4,54,784
Announcement Date	30/04/21	12/05/22	11/05/23	10/05/24	30/04/25	-	-	-